GBPUSD Below 1.2600 is the downward trend

Hello everyone,

GBPUSD 4H NEW FORECAST

Bullish Setup (Breakout Confirmation Needed)
GBP/USD is testing the 1.2637 resistance area. If price breaks above and holds, we can expect further upside momentum.

📌 Entry:
Buy on a confirmed breakout and 4H close above 1.2637.
🎯 Targets:

Take Profit 1 (TP1): 1.2660 (First resistance).
Take Profit 2 (TP2): 1.2700 (Major resistance).

Below 1.2600 (Pivot Line) for a safe invalidation.

Bearish Setup (Rejection & Reversal)
If price fails to break 1.2637 and forms a bearish rejection (e.g., wick or engulfing candle), a short trade could be valid.

📌 Entry:

Sell if price rejects 1.2600 and confirms a downturn.
🎯 Targets:
Take Profit 1 (TP1): 1.2550 (First support).
Take Profit 2 (TP2): 1.2500 (Key support).

Final Thoughts
✅ Bullish Scenario (High Probability): A breakout above 1.2637 opens room to 1.2660 - 1.2700.
❌ Bearish Scenario: Rejection at 1.2600 could trigger a drop to 1.2550 - 1.2500.
📊 Confirmation Required: Wait for clear breakout or rejection signals before entering.